Manning & Napier Advisors LLC Takes Position in CNH Industrial N.V. (NYSE:CNH)

Manning & Napier Advisors LLC purchased a new stake in CNH Industrial N.V. (NYSE:CNH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 88,159 shares of the company's stock, valued at approximately $1,083,000.

A number of other institutional investors have also recently modified their holdings of CNH. Artisan Partners Limited Partnership purchased a new position in CNH Industrial in the fourth quarter worth $361,990,000. Vanguard Group Inc. acquired a new position in shares of CNH Industrial during the 4th quarter worth $359,303,000. Charles Schwab Investment Management Inc. purchased a new position in shares of CNH Industrial in the 4th quarter valued at about $233,474,000. Dimensional Fund Advisors LP acquired a new stake in shares of CNH Industrial in the fourth quarter valued at about $162,095,000. Finally, Marathon Asset Management Ltd purchased a new stake in CNH Industrial during the fourth quarter worth about $161,043,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CNH. Evercore ISI upped their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Robert W. Baird reissued a "neutral" rating and set a $15.00 price target (down previously from $16.00) on shares of CNH Industrial in a research note on Monday, March 3rd. Baird R W downgraded CNH Industrial from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Northland Securities raised CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a report on Friday, April 11th. Finally, Citigroup boosted their target price on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.08.

Insiders Place Their Bets

In other CNH Industrial news, CTO Jay Schroeder sold 2,154 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the completion of the transaction, the chief technology officer now directly owns 32,762 shares in the company, valued at approximately $416,077.40. The trade was a 6.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Suzanne Heywood sold 11,053 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $140,373.10. Following the transaction, the director now directly owns 566,905 shares in the company, valued at approximately $7,199,693.50. This represents a 1.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,246 shares of company stock valued at $511,732 in the last ninety days. Insiders own 1.00% of the company's stock.

CNH Industrial Price Performance

CNH Industrial stock traded down $0.29 during mid-day trading on Wednesday, hitting $12.59. 17,356,448 shares of the company were exchanged, compared to its average volume of 14,110,537. CNH Industrial N.V. has a 12-month low of $9.28 and a 12-month high of $13.87. The company has a market capitalization of $15.73 billion, a P/E ratio of 15.35 and a beta of 1.52. The business's 50 day simple moving average is $12.54 and its two-hundred day simple moving average is $12.28. The company has a debt-to-equity ratio of 3.29, a current ratio of 13.41 and a quick ratio of 11.18.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The company's revenue was down 20.5% on a year-over-year basis. Analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

CNH Industrial Company Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.